Brent crude oil hovered close to its highest since November 2014 on Monday, supported by supply concerns before U.S. sanctions against Iran come into force next month. Benchmark Brent was up 16 cents at $82.89 a barrel by 0852 GMT, after touching $83.32, the highest level in almost four years. U.S. light crude was up […]
Day: October 1, 2018
Petrol pumps are about to face their biggest test, and no, it’s not angry customers
Rising motor oil prices have thrown up a unique problem not foreseen by those who designed the dispensing units (DUs) for petrol pumps. If motor oil prices cross the Rs 100 mark, DUs at petrol pumps will run out of digits. The fuel dispensing units at petrol bunks have been calibrated for digital display of […]
5,000 bio-gas plants at Rs 1.75 lakh cr investment in offing: Oil Minister Dharmendra Pradhan
Oil Minister Dharmendra Pradhan Monday said as many as 5,000 plants for extracting biogas from agricultural residue, cattle dung and municipal solid waste are envisaged to be set up in the country in next five years at a massive Rs 1.75 lakh crore investment. Pradhan announced that state-owned fuel marketing companies will purchase all the […]
Hollongi airport in Arunachal to have better facilities than Pakyong: Minister
The proposed greenfield airport at Hollongi in Arunachal Pradesh, when completed, would have better facilities than the recently inaugurated Pakyong Airport in Sikkim. The benefits to come would be beyond one’s imagination, the Union minister of state for Civil Aviation said while addressing the valedictory function of the 3-day ATAL (Arunachal Transformational and Aspirational Leaders) […]
GMR emerges as the highest bidder for the privatisation of Nagpur Airport
GMR Airports Limited, a subsidiary of GMR Infrastructure Ltd, has won a contract to develop, operate and manage the airport in Nagpur on a Public Private Partnership (PPP) basis for a period of 30 years. MIHAN India Limited, a joint venture between Maharashtra Airport Development Company (a Government of Maharashtra undertaking) and Airport Authority of […]
Larsen & Toubro bags orders worth Rs 7,489 crore
Larsen & Toubro (L&T) Monday said its Heavy Civil Infrastructure Business has won orders worth Rs 7,489 crore in the domestic market. “A major order has been received from the Municipal Corporation of Greater Mumbai (MCGM) for the construction of the Mumbai Coastal Road Project,” L&T said in a BSE filing. The project involves construction […]